The Canada U.S. free trade agreement: Competitive tradeoffs between foreign direct investment and trade |
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Authors: | Ravichandran Munirathinam Mary A Marchant Michael R Reed |
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Institution: | (1) University of Kentucky, U.S.A. |
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Abstract: | This paper assesses the impact of the Canada U.S. Free Trade Agreement on exports and foreign direct investment of processed
foods. Results indicate that U.S. exports to Canada more than doubled, while Canadian exports to the U.S. nearly doubled after
the implementation of the Canada U.S. Free Trade Agreement in 1989. Regression results of the covariance model on panel data
show that U.S. and Canadian food processing firms appear to use both exports and foreign direct investments as complementary
market access strategies.
This research was supported by a grant from the Canadian Embassy. In addition, the authors thank Carolyn Dimitri of the University
of Maryland for helpful comments. |
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Keywords: | |
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